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Oxford Approves Budget & Business Plan for 2024

Thursday, 14 December 2023 05:55

By Marcie Culbert X @marcieculbert

Oxford County Council has signed off on a Business Plan and Budget for 2024 that's worth $349.5 million.

OXFORD COUNTY - Oxford County Council has approved a $349.5 million business plan and budget for 2024.

When you break it down, $245.9 million is in the operating budget and the capital plan consists of $103.6 million.

The capital plan includes $14.5 million to fix up bridges and culverts on Oxford County roads, $4.5 million for expanding the Bowerhill booster pumping station for water services in Woodstock, and $3.75 million to expand the Lansdowne wastewater pumping station in Woodstock.

It also includes $2.1 million to expand transitional housing, $1.72 million for maintenance/upgrades at social housing sites, and $1.23 million to replace remaining cast iron water pipelines in Ingersoll.

Council has also approved a tax levy of $82.6 million, which is a 16.7 percent increase compared to this year. This works out to another $11.8 million, and officials say about $7.7 million of that increase is due to a higher demand for municipal services due to population growth during the pandemic.

We will be speaking with Warden Marcus Ryan later this morning.

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